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Re: hweb2 post# 39055

Tuesday, 11/14/2017 9:31:56 AM

Tuesday, November 14, 2017 9:31:56 AM

Post# of 112730
$SMDM Singing Machine Announces Second Quarter

Net sales increased by 17% to $32.8 million for the September 30, 2017 quarter.
Gross profit for the second quarter increased to $7.7 million compared to $6.5 million in the prior year.
Gross margin increased by .5% to 23.6%.
A $2.0 million bad debt reserve was taken as a result of the Toys 'R' Us bankruptcy.
The Company reported income before tax of $1.2 million for the quarter.
Earnings per share of $0.02 per share on a fully diluted basis.
https://seekingalpha.com/pr/17001066-singing-machine-announces-second-quarter-2018-earnings-report

https://singingmachine.com

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